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KENJICHEN

0513-GBPUSD Analysis

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KENJICHEN  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines gbpusdshort GBPUSD gbpusdsignal
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trendanalysis supportandresistance trendline gbpusdshort gbpusd gbpusdsignal
snapshot

GBPUSD
Pound seems constructing downward flag pattern and it is almost in the last stage, therefore consider short GBPUSD around at 1.3019 and target the low 1.2967 and more.

If GBPUSD can breakdown the support area around 1.30 level then the downward pattern will appear and may cause another plunge in following days.

Support: 1.300 / 1.2967 /1.2944
Resistance: 1.3035
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